A Glossary of Betting Terms Term used to describe when the whole or part of returns from one wager are automatically reinvested on a subsequent bet. Arbitrage Where a variation in odds available allows a punter to back both sides and guarantee a win. [Back to Top] Banker A punter's strong selection or "sure thing". An almost guaranteed winner, as in a Lock . Also, in permutation bets the banker is a selection that must win to guarantee any returns. Bar Those runners in a race not quoted with a price during early betting shows. The bar price is the minimum odds for any of those selections not quoted. Baseball (US) In horse racing, a Daily double is a play in which a bettor couples a horse in one race with all horses in the other (also known as "wheeling"). Beard (US) A contact (friend or acquaintance) who places bets for a bettor who wants to hide their identity from bookmakers. Beeswax UK slang term for betting tax . (also known as "bees" or "ajax") Bettor (US) Betting Tax Tax on a bookmaker's turnover.

More correctly, in the UK this is a "duty" charged by Customs and Excise at the rate of 6.75p on every pound wagered. Common methods of recouping this are to deduct tax from returns or allow the punter to pay tax with his stake. In the latter event, no tax is deducted from the punter's winnings. Blind Bet A bet made by a racetrack bookmaker to draw other bookmakers' attention away from his sizeable betting on another horse- and thus to avoid a shortening of the odds on the other horse. Book A bookmaker's tally of amounts bet on each competitor, and odds necessary to assure him of profit. Bookmaker A person or company who accepts bets from the public, usually on racing or sports events (also known as a "bookie"). Bottle Bettor on favourites. Circled Game (US) When a bookmaker puts a limit on the amount of action they are prepared to take on the game. This is most often due to doubts about key players. Client (US) Purchaser of betting information from horseman or other tipster. Clocker (US) Person who times workouts, usually for betting information.

Close (US) Final odds on a horse (e.g. "closed at 5 to 1"). Confusingly equates to " Starting Price " in the UK. Co-Favourites Where three or more competitors share the status as favourite (have lowest odds). Combination (US) Across the board bet for which a single pari-mutuel ticket is issued. Consolation Double (US) When horse is scratched from 2nd race after daily double betting begins, money is set aside to pay those who have bought tickets pairing this horse with winner of 1st race. The basis of some widely used systems. After a loss the player doubles the size of his previous bet hoping to win back the money lost and make a profit. Also known as a Martingale system. Drift When the odds on a competitor "lengthen", they are said to have "drifted" or be "on the drift". Dual Forecast A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first two to finish in either order. Dutch (US) Eliminating heavily bet non-contenders, betting on others in exact proportions necessary to yield some profit no matter which wins.

[Back to Top] Each-Way A bet which consists of two wagers. The first is for the selection to win and the second is for the selection to place, at a proportional price dependant on the place terms . A method used by bookmakers to make a one-sided event become a more attractive betting proposition. Teams are awarded a number of points start depending on their calibre (also known as the "pointspread" or "line"). Handle (US) Total sum bet on a race or in a day or some other period. Hang Cheng A form of soccer betting popular in Asia where returns on a team winning or drawing are determined by part-goal handicaps. Hedging A bet made by a cautious bookie on a horse on which he has accepted large bets - in order to cut his losses if the horse wins (also known as a "lay-off bet"). Heinz A multiple bet consisting of 57 bets (15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold) involving 6 horses in different races. House Odds Odds are the bookmaker's view of the chance of a competitor winning (adjusted to include a profit).

Odds-against Where the odds are greater than evens (e.g. "5 to 2"). Odds Compiler The person working for the bookmaker who sets the odds following research and his own feelings. Odds Man (US) At tracks where computers are not in use, an employee who calculates changing odds as betting progresses. Odds-on Where the odds are shorter than evens (e.g. "4 to 7"). If the selection wins, the amount won is less than the amount staked (don't forget, you get your stake back as well!). Off the Board (US) A horse so lightly bet that its pari-mutuel odds exceed 99 to 1. Also, a game or event on which the bookie will not accept action . Off the Top The practice of deducting a fixed "take" percentage from the pari-mutuel pool before paying holders of winning tickets. Off-Track Betting conducted away from the track. On the Nose (US) A bet that a horse will win. OTB (US) Acronym for "Off-Track Betting" in the US, legal only in certain states. Outsider (also known as "The Rag").

Overbroke Where the book results in a loss for the bookmaker. Overlay Horse whose odds are high by comparison with its good winning chances. Overround [Back to Top] Pari-Mutuel A means of gambling on races in which all bets are pooled and winners are paid according to size of pool and the number of other winners. Often shortened in US to mutuel. Term for an accumulator bet in horse racing. Also, a wager on two or more teams in which both must win or " cover " for the bet to be lucrative. Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble. It is possible to "perm" bets or selections (e.g. on 4 selections all the possible doubles could be "permed" making 6 bets). Pic Six (US) A proposition which challenges the bettor to pick six winners of six successive races (also known as "pick six" or "five-ten"). Picks The selections chosen by an expert to bet on (also known as "tips"). Pitch The position where a bookmaker conducts his business on a racecourse.

Place (US) Among players, pari-mutuel odds high enough to warrant risking a bet on a particular animal. Ringer A horse (or greyhound) entered in a race under another's name - usually a good runner replacing a poorer one. Roundabout A bet consisting of 3 bets involving three selections in different events (i.e. 1 single any to come and double stake double on remaining two selections, 3 times). Rounder A bet consisting of 3 bets involving three selections in different events (i.e. 1 single any to come a single stake double on remaining two selections, 3 times). Round Robin A bet consisting of 10 bets (3 pairs of " Single Stakes About " bets plus 3 doubles and 1 treble) involving three selections in different events. A series of three or more teams into two-team wagers. Runner (US) In racing, a bookie's employee who gathers information on the progress of betting elsewhere on the course. Also, a messenger "running" to and from pari-mutuel windows for occupants of clubhouse boxes. A bet consisting of 2 bets on two selections (1 single on each selection any to come 1 single on the other selection reversed).

Six-Dollar Combine (US) An across-the-board bet in racing. Smart Money Insiders' bets or the insiders themselves. Spot Play (US) Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks. Spread Betting A bet is won or lost according to whether you correctly predict the result of an event (also known as "action line" or "money line"). Returns or losses are calculated in proportion to how right or wrong the bettor is, and can lead to huge returns or losses. Spreads A forger of bookmakers' tickets. Tic-Tac The code of hand signals by which UK oncourse bookmakers' employees relay information on current odds and betting around the course (e.g. "top of the head"= 9 to 4, "up the arm"= 11 to 8). Tierc� A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips The selections chosen by an expert to bet on (also known as "picks").

Tipster A person who gives or sells to bettors his estimate of likely winners of a race, game or event (also known as a "tout"). Totalisator (US) Automated pari-mutuel machine which records bets as soon as tickets are dispensed at betting windows. Totals Tote Returns Returns from a tote pool (also known as a "dividend"). Calculated by taking the total stake in each pool (after the take out) and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools. Tote Board A racecourse information board that displays approximate odds, betting totals, payout prices and other information necessary to the punter. Tout To give or sell betting advice or one who does so (also known as a "tipster"). Treble A bet consisting of 3 selections, all of which must win for the wager to be successful. Tricast A bet which involves correctly predicting the 1st, 2nd and 3rd place in an event. Trifecta (US) Bet in which the bettor picks the first three finishers in exact order (also known as "triple").

Trixie A multiple bet consisting of 4 bets (3 doubles and 1 treble) with 3 selections in different events. Turf Accountant To fail to pay a gambling bet. Wheel (US) A form of betting in which daily double , perfecta or quinella player makes every possible combination bet on his favoured horse or horses. Wheeling (US) A racing system devised for the daily double bet in which the bettor backs one horse in the first race and every horse in the second (also known as "baseball" or "locking"). Win The term used to describe a 1st place finish. Winning Margin A bet to predict the winning margin of one team over another. Wise Guy (US) A knowledgeable or well-informed bettor or handicapper. With the Field Having one horse linked with all the other horses in an event. It can apply to forecasts or in doubles . Betting Slang Betting Slang Betting Slang and some of the sayings or terms you will hear among the horse racing fraternity. Banker: Almost guaranteed winner, in permutation bets the banker is a selection that must win to guarantee a return.

Bar: The Price is the minimum odds for any of those selections not quoted in the betting. Co-Favourites: Three or more horses share the status of favourite Doubling-up: The player doubles the size of his previous bet. Favourite: The horse considered most likely to win. Joint Favourites: When bookmakers cannot separate two horses or teams for favouritism. Jolly: The favourite. Long shot: The outsider or unfancied runner. Nap: The selection that racing tipsters nominate as their strongest selection of the day. Odds: The bookmaker's view of the chance of a competitor winning the race. Odds-on: Where the odds are shorter than evens, amount won is less than the amount staked. Pari-Mutuel: All bets are pooled and winners are paid according to size of pool, e.g. Tote Place Terms: The returns for place bets are calculated as a proportion of the win odds this varies depending on the number of runners. Smart Money: Bets placed with inside information usually from the stable or yard. Tote Returns: Returns from a tote pool and is calculated by taking the total stake in each pool and dividing it by the number of winning tickets.

Welsh-Welch: To fail to pay a gambling bet. Beeswax: UK slang for betting tax. Bottle: Odds of 2 to 1. Burlington Bertie: Odds of 100 to 30 also scruffy and dirty. Carpet: Odds of 3 to 1 Double Carpet: Odds of 33 to 1 Monkey: Â£500 Todays Form KEMPTON (A.W) 6-20 Absolute Blast is a 5yo from the Iain Jardine stable who has some excellent form on which to recommend a bet for this 8f race which taking part here at Kempt Race Horse Book There are over one hundred thousand race horse books and these excellent race horse souvenir books can be purchased for any race horse which has competed in the UK over the last 25 years and gives the reader Extra Easy System Extra Easy System as the systems name implies this is simplicity itself a favourite-based system aiming for a high strike rate from the principle meeting of the day.

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Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the accumulator. Action - A bet or wager of any kind is deemed Action if valid. Different rules apply in different sports in determining if a bet is action or no action (e.g. baseball bets are action when the game gets beyond 4� innings). Ajax - UK slang term for 'Betting Tax'. All-In - With all-in betting there are no refunds given for scratched or withdrawn competitors or teams in an event where a bet is placed. Should an event be cancelled then the amount bet will be refunded. All Up - (Also, Accumulator) This involves picking the winners of more than one event. A single wager amount is placed on more than one outcome, whereby the stake and winnings of the first selection will be rolled over into the second selection and so on. Ante Post - (Also, Futures) Bets placed in advance predicting the outcome of a future event. Ante-post prices are those on major sporting events, usually prior to the day of the event itself.

In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out or is cancelled. Arbitrage - Where a variation in odds available allows a punter to back both sides and guarantee a win. B Backed - A 'backed' team is one on which lots of bets have been placed. Banker - Highly expected to win. The strongest in a multiple selection in a parlay or accumulator. In permutation bets the banker is a selection that must win to guarantee any returns. Bar Price - Refers to the odds of the selections at the last quoted price and bigger. The bar price is the minimum odds for any of those selections not quoted. For example, in a large field, the Serie A outright markets may read Juventus 3/1, AC Milan 7/2, Inter Milan 4/1, Lazio 5/1, 8/1 Bar - meaning every other side is quoted at 8/1 or bigger. Beard (US) - A friend or acquaintance or other contact who is used to placing bets so that the bookmakers will not know the identity of the actual bettor. Many top handicappers and persons occupying sensitive positions use this method of wagering.

Beef - A dispute or claim involving a player and his bookmaker or a casino dealer. A dispute over the outcome of a bet. A problematic situation involving a bet. Beeswax - UK slang term for betting tax. Also known as 'Bees' or 'Ajax'. Betting Tax - Tax on a Bookmaker's turnover. In the UK this is a 'Duty' levied on every Pound wagered. Common methods of recouping this by the punter are to deduct tax from returns (winnings) or to pay tax with the stake/wager. In the latter case, no tax is deducted from the punter's winnings. Bettor (US) - Someone who places or has a bet. A 'Punter' in the UK. Book - A bookmaker's tally of amounts bet on each competitor, and odds necessary to assure him of profit. Running a 'book' is the act of quoting odds and accepting bets on an event and the person doing it is called the 'Bookmaker'. Bookie - (U.K.) Short for bookmaker. The person or shop who accepts bets.

Bookmaker - Person who is licensed to accept bets on the result of an event based on their provision of odds to the customer. (Sportsbook US). Bottle - UK slang, odds of 2 to 1. Bridge-Jumper (US) - Bettor who specializes in large show bets on odd-on favourites. Buck (US) - A bet of US$ 100 (also known as a 'dollar bet'). Burlington Bertie - The price of 100-30. Buy Price - In Spread or Index betting, the higher figure quoted by an Index bookmaker. Buy the Rack (US) - Purchase every possible daily-double or other combination ticket. C Canadian - Also known as a Super Yankee. A Canadian is a combination bet consisting of 26 bets with 5 selections in different events. The combination bet is made up of 10 doubles, 10 trebles, five 4-folds and one 5-fold. Carpet - UK slang for Odds of 3 to 1 (also known as 'Tres' or 'Gimmel'). Century - GBP� 100 (also known as a 'Ton'). Chalk - The favored team.

Chalk Player - Bettor on favourites. Circled Game - A game where the maximum bet is limited. The sportsbook or bookmaker puts a limit on the amount of action they are prepared to take on the game. This is most often due to doubts about key players, in games that feature key injuries, inclement weather, or unsubstantiated rumors regarding a team. Most bookies 'Circle' all Ivy League Games. Closing Line - The final list of point spreads offered before game time. Combination Bet - Selecting any number of teams/horses to finish first and second in either order. Correlated Parlay - Correlation is the degree to which the results of two bets are related. An example of two bets that are correlated is the Giants to lead at the half and the Giants to win the game. A correlated parlay is essentially a bet that is tied into another positively, in that if one bets wins, it increases the odds of the other bet winning. A more blatant example would be parlaying the first half over to the second half over to the game over. If you win the first half over wager and the second half over bet, you're obviously going to win the wager for the game.

Cover - To bet the spread by the required number of points. Credit Betting - Betting using credit with a bookmaker. D Dead Hit - Finishing equal. Both win. Deposit Betting - Betting with money deposited in advance with a bookmaker. Dime bet - A $1000 wager. Dividend - The agreed payout or return on any bet. Dog (US) - The underdog in any betting proposition. Dog Player (US) - A bettor who mainly wagers on the underdog. Dollar Bet - A $100 wager. Double(s) - A twin bet on two separate specified events or two parts of the same event. A form of parlay or accumulator. Double Carpet - UK slang for Odds of 33 to 1, based on 'Carpet'. Double or Nothing - An even-money bet, a bet that pays off exactly the amount wagered. Draw - Where competitors in an event finish evenly. Where there is a draw and this is not offered as a betting option, the return will be divided by the number of joint winners. Note that some sports have processes such as extra-time or play-offs to determine an event winner that are included as part of the bet where others are not.

This may affect some bets and you should always be sure how an event would be decided in this instance. Drift - Odds that 'Lengthen', are said to have drifted, or be 'On the Drift'. E Each Way - UK term for betting on a team or individual to win and/or 'Place'. The bet is automatically split into two, 50:50 and the odds for each bet are different. If your selection wins, the Place bet wins automatically. Therefore, you could win either both bets or Place only. Even Money - A 1:1 odds bet. A $1 stake would return $2 dividend ($1 win plus $1 staked). * A to E . F to N . O to Z Great gambling information site Use the "Main Menu" on the right margin to explore this site. This is a comprehensive gambling information site with advice on winning, how to gamble, betting strategy, the best online casinos , lots of gamblers information and a world land-based casinos directory .

Topics covered include game summary, rules, how to play, how to win, game strategy, betting systems , gambling tips, on: Blackjack, Roulette, Poker classic and variants such as Texas Holdem poker, Craps, Slots and Videopoker, Baccarat, Keno, Lotto/Lottery, Powerball, Bingo, Sports betting, Horse racing and Greyhound dog racing. This is the gambling website with lots of information and resources as well as helpful advice and frequent updates thanks to your helpful feedback. Sports Betting Glossary | Betting Terms You are here: Sports Betting > Sports Betting Glossary of Terms Thursday, 19 January 2017 Sports Betting Glossary of Terms Knowing what the betting slang or lingo means is really important when starting out betting. You may find this sports betting glossary useful in making sense of the terminology often used in betting. Please note that some of these terms are only applicable to the US betting market, but where this is the case – we have provided the UK alternative/s. Accumulator – (Also, Parlay) A multiple bet. A kind of ‘let-it-ride’ bet.

Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the accumulator. Action – A bet or wager of any kind is deemed Action if valid. Different rules apply in different sports in determining if a bet is action or no action (e.g. baseball bets are action when the game gets beyond 4� innings). Ajax – UK slang term for ‘Betting Tax’. All-In – With all-in betting there are no refunds given for scratched or withdrawn competitors or teams in an event where a bet is placed. Should an event be cancelled then the amount bet will be refunded. All Up – (Also, Accumulator) This involves picking the winners of more than one event. A single wager amount is placed on more than one outcome, whereby the stake and winnings of the first selection will be rolled over into the second selection and so on. Ante Post – (Also, Futures) Bets placed in advance predicting the outcome of a future event. Ante-post prices are those on major sporting events, usually prior to the day of the event itself.

In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out or is cancelled. Arbitrage – Where a variation in odds available allows a punter to back both sides and guarantee a win. Backed – A ‘backed’ team is one on which lots of bets have been placed. Banker – Highly expected to win. The strongest in a multiple selection in a parlay or accumulator. In permutation bets the banker is a selection that must win to guarantee any returns. Bar Price – Refers to the odds of the selections at the last quoted price and bigger. The bar price is the minimum odds for any of those selections not quoted. For example, in a large field, the Serie A outright markets may read Juventus 3/1, AC Milan 7/2, Inter Milan 4/1, Lazio 5/1, 8/1 Bar – meaning every other side is quoted at 8/1 or bigger. Beard (US) – A friend or acquaintance or other contact who is used to placing bets so that the bookmakers will not know the identity of the actual bettor. Many top handicappers and persons occupying sensitive positions use this method of wagering.

Beef – A dispute or claim involving a player and his bookmaker or a casino dealer. A dispute over the outcome of a bet. A problematic situation involving a bet. Beeswax – UK slang term for betting tax. Also known as ‘Bees’ or ‘Ajax’. Betting Tax – Tax on a Bookmaker’s turnover. In the UK this is a ‘Duty’ levied on every Pound wagered. Common methods of recouping this by the punter are to deduct tax from returns (winnings) or to pay tax with the stake/wager. In the latter case, no tax is deducted from the punter’s winnings. Bettor (US) – Someone who places or has a bet. A ‘Punter’ in the UK. Book – A bookmaker’s tally of amounts bet on each competitor, and odds necessary to assure him of profit. Running a ‘book’ is the act of quoting odds and accepting bets on an event and the person doing it is called the ‘Bookmaker’. Bookie – (U.K.) Short for bookmaker. The person or shop who accepts bets.

Bookmaker – Person who is licensed to accept bets on the result of an event based on their provision of odds to the customer. (Sportsbook US). Bottle – UK slang, odds of 2 to 1. Bridge-Jumper (US) – Bettor who specializes in large show bets on odd-on favourites. Buck (US) – A bet of US$ 100 (also known as a ‘dollar bet’). Burlington Bertie – The price of 100-30. Buy Price – In Spread or Index betting, the higher figure quoted by an Index bookmaker. Buy the Rack (US) – Purchase every possible daily-double or other combination ticket. Canadian – Also known as a Super Yankee. A Canadian is a combination bet consisting of 26 bets with 5 selections in different events. The combination bet is made up of 10 doubles, 10 trebles, five 4-folds and one 5-fold. Carpet – UK slang for Odds of 3 to 1 (also known as ‘Tres’ or ‘Gimmel’). Century – GBP 100 (also known as a ‘Ton’). Chalk – The favored team.

Chalk Player – Bettor on favourites. Circled Game – A game where the maximum bet is limited. The sportsbook or bookmaker puts a limit on the amount of action they are prepared to take on the game. Closing Line – The final list of point spreads offered before game time. Combination Bet – Selecting any number of teams/horses to finish first and second in either order. Cover – To bet the spread by the required number of points. Credit Betting – Betting using credit with a bookmaker. Dead Hit – Finishing equal. Both win. Deposit Betting – Betting with money deposited in advance with a bookmaker. Dime bet – A $1000 wager. Dividend – The agreed payout or return on any bet. Dog (US) – The underdog in any betting proposition. Dog Player (US) – A bettor who mainly wagers on the underdog. Dollar Bet – A $100 wager. Double(s) – A twin bet on two separate specified events or two parts of the same event. A form of parlay or accumulator. Double Carpet – UK slang for Odds of 33 to 1, based on ‘Carpet’.

Double or Nothing – An even-money bet, a bet that pays off exactly the amount wagered. Draw – Where competitors in an event finish evenly. Where there is a draw and this is not offered as a betting option, the return will be divided by the number of joint winners. Note that some sports have processes such as extra-time or play-offs to determine an event winner that are included as part of the bet where others are not. This may affect some bets and you should always be sure how an event would be decided in this instance. Drift – Odds that ‘Lengthen’, are said to have drifted, or be ‘On the Drift’. Each Way – UK term for betting on a team or individual to win and/or ‘Place’. The bet is automatically split into two, 50:50 and the odds for each bet are different. If your selection wins, the Place bet wins automatically. Therefore, you could win either both bets or Place only. Even Money – A 1:1 odds bet. A $1 stake would return $2 dividend ($1 win plus $1 staked). Favorite/Favourite – The team or individual the sportsbooks rate most likely to win that contest or event.

Typically it has the most money bet on it. Fixed Game – A game in which one or more participants willfully manipulate the final outcome of a game. Fixed Odds – Your dividend is fixed at the odds when you placed your bet. No matter how much the odds fluctuate the odds at the time you placed your bet are fixed and written on the ticket. Your dividend for winning is paid at the value stated on your ticket, no matter what happens after you have placed your bet. Flag – A bet consisting of 23 bets (a ‘Yankee’ plus 6 ‘Single Stakes About’ bets in pairs) on 4 selections in different event. Flash (US) – Change of odds information on tote board. Flea – An annoying person who wants something for nothing. One who expects to be comped for a small wager. Fold – When preceded by a number, a fold indicates the number of selections in an accumulator (e.g. 5-Fold = 5 selections). Forecast – A wager that involves correctly predicting the 1st and 2nd for a particular event. This bet can be straight, reversed or permed. (USA, Perfecta or Exacta).

Full Cover – All the doubles, trebles and accumulators involved in a given number of selections. Futures – (Also, Ante Post) Bets placed in advance predicting the outcome of a future event. Goliath – A goliath is a multiple bet consisting of 247 bets involving 8 selections in different events. The multiple bet breakdown is 28 doubles, 56 trebles, 70×4-folds, 56×5-folds, 28×6-folds, 8×7-folds and one 8-fold. Grand – GBP 1,000 (also known as a Big’un). Grand Salami – A slang word for the over/under total for the combined score of all the hockey contests on the schedule for that day. Grand Slam – The four major tennis tournaments Wimbledon, Australian Open, French Open, U.S. Open. Also the four major golf tournaments The Masters, U.S. Open, British Open, PGA Championship (Professional Golf Association). Also in baseball, a homerun with the bases loaded, scoring four runs. Handicap – Spread. Hang Cheng – The Asian equivalent for ‘Point Spread’.

Heinz – A Heinz is a multiple bet consisting of 57 bets involving 6 selections in different events. The multiple bet breakdown is 15 doubles, 20 trebles, 15×4-folds, 6×5-folds and one 6-fold. Home Field Advantage – Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team. Hoops – Slang word used to indicate the game of basketball. In and Out Teaser (See also “Teaser” below) – An “in and out teaser” is when the player picks the favorite, underdog, over and under of the same game. For example: NY +3 1/2, Dallas -3 1/2. An in and out teaser would have a player take both NY and Dallas, and tease both, to increase the odds of winning the wager. So, if you teased both teams by 7 points, you would have: NY +10 1/2, Dallas +3 1/2. So long as the spread is covered, your wager will be a win. Index Betting – Spread betting. In The Red – Odds on.

Joint Favorites – When a sportsbook or bookmaker cannot split two teams for favoritism, they may both be joint favorites. Jolly – Bookmakers slang for ‘Favorite/Favourite’. Juice – The bookmaker’s commission, also known as vigorish or vig. Kite – UK slang for a cheque (‘Check’ in the US). Lay a Bet – A bookie accepting a bet. Layer – Another term for Bookie. Layoff – A bookmaker’s bet with another bookmaker made in order to help equalize the excess action he has accepted from his customers. LBO – Acronym for ‘Licensed Betting Office’ in the UK. Lengthen – The opposite of ‘Shorten’. Referred to odds getting longer, that is, more attractive to the bettor. Lines – Odds offered to the punter. Linemaker – One who compiles or sets the original or subsequent betting lines. Lock – (As in ‘Banker’) US term for an almost certain winner. Easy winner. Long Odds – Generally greater than 10:1. Lucky 15 – A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e.

4 singles, 6 doubles, 4 trebles, and 1 fourfold. As a consolation if you only have one winner it will be paid at double the odds. If you get all four winners, a 10% bonus will be added to your returns. Lucky 31 – A Lucky 31 consists of 31 bets involving 5 selections in different events, i.e. 5 singles, 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold. . As a consolation if you only have one winner it will be paid at double the odds. If you get all five winners, a 20% bonus will be added to your returns. Lucky 63 – A Lucky 63 consists of 63 bets involving 6 selections in different events, i.e. 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold. As a consolation if you only have one winner it will be paid at double the odds. If you get all six winners, a 25% bonus will be added to your returns.

Margin – The amount a competitor in an event finishes in front of another competitor. Money Line – (Also, Action Line or Spread Betting) The amount that must be wagered to win $100, or the amount won for a $100 wager. Multiples – See ‘Accumulator’. Nap – A newspaper correspondent’s best bet of the day. Reputed to stand for ‘Napoleon’. Odds – The sportsbook’s or bookmaker’s view of the chance of a competitor winning (adjusted to include a profit). Odds-against – Where the odds are greater than evens (e.g. 5 to 2). Odds Compiler – Same as ‘Oddsmaker’ below. Odds-on – An Odds-on bet has a Minus sign in front and is worked out in reverse. It is the amount you wager to win $100. In the U.K. it is a bet on odds below evens 1:1. In Europe, it is a bet on odds below 2:1. Oddsmaker – A person who sets the betting odds. (Sportsbooks or Bookies don’t set the odds.

Most major sportsbooks use odds set by Las Vegas oddsmakers.) Off the Board (US) – A game or event on which the sporstbook will not accept action. Outsiders – Those contestants that are not expected to win. The opposite to the favorite, usually offered at lengthy odds. Over/Under – A bet on whether the total points or goals scored by the two teams will be over or under a specified number. Parlay – (Also, Accumulator) A multiple bet. A kind of ‘let-it-ride’ bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the parlay. Patent – A Patent consists of 7 bets involving 3 selections in different events, i.e. a single on each selection, plus 3 doubles and 1 treble. Permutations – To ‘perm’ selections. For example, if you have made 3 selections (A, B and C) you can ‘perm’ all the possible doubles.

In this case all the doubles possible are AB, AC, and BC; a total of 3 individual bets, or lines. Similarly, if you have made 4 selections (A, B, C and D) you can also ‘perm’ all the possible doubles from these four. Now the doubles are AB, AC, AD, BC, BD, CD; a total of 6 individual bets, or lines. Picks – Betting selections, usually by an expert. PK or Pick – Evenly matched teams. Place – Finish in the top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Different sportsbooks have different Place terms and you should check their rules before placing a bet. Point Spread – (Also, Handicap) The points allocated to the ‘underdog’ to level the odds with the ‘favorite/favourite’. Price – The odds. Sportsbook Terms A-D A term used by some players for bookmaker, i.e., bookie. Ace Used to describe a person who is trustworthy. AFC An acronym for the American Football Conference in the National Football League (NFL). Action A wager is deemed "action" once it is valid.

An example of "no action" would be a baseball game being rained out in the first inning, rendering it invalid. Also, referring to the total amount wagered within a specific time period. For example, 10 bets of $20 each amounts to $200 in action. Agent A middleman who places players into a sportsbook for a commission. Ahead A point during play where the player is winning, i.e., the value of his wins exceeds his losses. Ajax UK term for betting tax. American Line A hockey line expressed as goals (as opposed to a money line). Angle Any questionable deception or ruse by a player to unduly influence the outcome and thereby increase his expectations. A player with an angle, even though technically legal, is not often welcome among polite company. Arbitrage A variation in odds that enables a player to back both sides and guarantee a win. Backdoor Cover Meaningless points scored to cover the spread, by a team that is likely to lose. Backer A person or group of persons who provides the bankroll for a particular player but remains behind the scenes. Bad Beat A tough, unforeseen loss when an underdog hand surprisingly wins the pot against the odds against seemingly better hands.

This term is often used to imply that the winner of the pot had no business being in the pot at all, or to suggest dumb luck played a large part in the win. This term may also be applied to a situation where winning points are scored against a wager in the dying seconds of a game, or the favored horse loses by a nose, after leading all the way. Bank A gaming establishment or player that acts as the banker during a game or series of games and uses their own money to cover bets. The term also refers to a bankroll. Banker A punter's "sure thing", a lock. In permutation bets, the banker is a selection that must win to guarantee returns. Bankroll The total available wagering funds held by the player. Basic Strategy A playing system adopted by a player with the idea of optimizing his edge over the house in the longer term. Beard A person who places bets through another player to hide his identity from a sportsbook or odds-maker. Beef A dispute or claim involving a player and his bookmaker. Bet The amount of money a player voluntarily risks on cards, sports or other games. The bet can be in the form of cash, chips or vouchers. Also see, wager.

Bettor A person who places or has a bet (US). A bettor is also called a player in the US and a punter in the UK. Bet Spread The ratio between the maximum and minimum bet size. A player who uses $50 maximum bets and $5 minimum bets is using a 10:1 bet spread. Betting Limit The set minimum and/or maximum amount of money that the player can wager on a single bet. The player cannot bet less than the minimum or more than the maximum amount posted. Blow Back A loss of gains/profit after enjoying a plus in the winnings column. Book A sportsbook or betting establishment that sets odds and accepts wagers on the outcome of sporting events. Also refers to a bookmaker's tally of amounts bet on each event, and the odds necessary to assure him of a profit. Bookie A short term for bookmaker, i.e., the person or shop accepting bets. Bookmaker A (UK) person who is licensed to accept wagers on the outcome of various gaming events. Such wagers are based on odds provided to the player by the bookmaker. The equivalent term commonly used in the US is sportsbook. Bottle Slang for odds of two-to-one in the UK.

BR The point at which a player's bets approximately equal the payoffs received. Buck A bet of $100 in US funds. A buck is also known as a dollar or a one dollar bet. Buy To buy points in order to change the point spread or over/under to the player's advantage. Points are purchased on a half-point interval scale. For each half-point purchases, the juice increases by 10 per cent. Buy Price The higher figure quoted by an index bookmaker in spread or index betting. Canadian A multiple bet consisting of 26 bets (10 doubles, 10 trebles, 5 4-folds and 1 5-fold) with 5 selections in different events (also known as a "Super Yankee"). Canadian Line A hockey line expressed as a money line. Carpet UK slang for odds of three-to-one. Also known as "tres" or "gimmel". Chalk The favored team, side, contestant or horse in a sports event. Chalk-Eater/Chalk-Player A player who tends to wager only on the favorites, rarely on the underdogs. Chartwriter A statistician who compiles records and writes comments describing the performance of each horse or player.

Circled Game When the sportsbook limits the action it's prepared to take on a particular event, usually due to uncertain weather, significant injuries or unconfirmed rumors regarding a contestant or team. Clone Joint A sportsbook that moves lines to conform with other sportsbooks. Cover To bet the point spread by the required number of points. If a wager is made in this way, the player is said to have covered the spread and stands to win an event by more points than he laid, or lose by fewer points than he had taken. Credit Player A sportsbook customer who has been given an individual wager limit and can play against that limit on a credit basis. Normally, the credit player belongs to an agent's package. Degenerate A term for a compulsive gambler. Dime A wager sum of $1000. Also known as a Dime Bet. Dime Line A slang term used to indicate the 10-cent money line or juice, i.e., the money line in which the bookmaker's vigorish/vig/commission amounts to 10 per cent. Dollar The sum of $100.00. Also known as a Dollar Bet.

Double Action Used in if-bet plays to specify win, tie or cancel. Doubleheader Two baseball games on the same day between two teams. In racing, it is two racing performances programmed during one day. Due For A term referring to a contestant or team that is considered to be overdue for a win or loss in their next contest or sports event. Therefore, the "due for" wager is a favorite strategy of many players.

Question: What word is used in betting slang for odds of 2/1 (two to one)?
Answer: BOTTLE